EghtesadOnline: Iran Customs Administration has required all its offices to follow anti-money laundering regulations approved by the government last October.
EghtesadOnline: The Majlis Joint Commission has approved a proposal calling for exempting exporters of technical and engineering services and agricultural goods from currency repatriation rules.
EghtesadOnline: Sincere stakeholders, in the anti-FATF camp in Tehran, say now is not the time to embrace the Financial Action Task Force rules. Their argument is premised on the reality that the country is saddled with tough US sanctions and that the limited foreign trade and transactions would be jeopardized by the watchdog’s oversight.
EghtesadOnline: Central Bank of Iran’s conditions on non-oil exporters to repatriate their currency earnings has been criticized yet again by exporting countries after they reportedly received export ban warnings from lenders.
EghtesadOnline: In line with provisions of anti-money laundering guidelines, the Central Bank of Iran has further tightened rules for daily bank transactions.
EghtesadOnline: Implementing standards set by the global anti-money laundering watchdog can help improve Iran’s economic conditions and financial transparency, says an expert, who believes that introducing the required reforms is not a top priority for decision-making authorities.
EghtesadOnline: As per new rule passed by the High Council of Insurance, selling insurance policy online requires official permission from the Central Insurance company of Iran.
EghtesadOnline: The government plans to resume offering its remaining shares in state-owned companies after making some changes governing divestiture of state properties to private firms, the economy minister said.
EghtesadOnline: The European mechanism to facilitate trade with Iran will not work until Tehran sets up a mirror company and meets international standards against money-laundering and terrorism financing, a French diplomatic source said.
EghtesadOnline: So long as gas station attendants' cards are usable, the plan to reintroduce fuel cards cannot be implemented efficiently and transparently, a board member of Al-Zahra University in Tehran said.